the trade in allowance was removed from the question

Randall's Repos decided to exchange his wrecking machine for a new one at a dealership. Details of the exchange are as follows: Old Wrecking Machine cost Old Wrecking Machine Accumulated Depreciation Trade-in Allowance Additional Cash paid by Randall's Repos FMV of new Wrecking Machine $ 218,000 54,500 87,200 81,829 261,600 REQUIRED: Using the information provided, prepare the journal entry for Randall's Repos, if: a) the fair market value of the new Wrecking Machine is known; b) the fair market value of the new Wrecking Machine is not known